279.626 - Issuance of general obligation bonds: Manner; limitations; exceeding limitation.
279.626 Issuance of general obligation bonds: Manner; limitations; exceeding limitation. Except as otherwise provided in NRS 279.382 to 279.685, inclusive, any general obligation bonds issued by any community pursuant to NRS 279.620 to 279.632, inclusive, must be authorized and issued in the manner and within the limitations prescribed by law or the charter of the community for the issuance and authorization of the bonds for public purposes generally. Irrespective of any limitation as to the amount of general obligation bonds which may be issued, a community may issue the bonds for the purposes prescribed in NRS 279.620 to 279.632, inclusive, in excess of the limitation, in such amount as may be authorized by the voters of the community at any special, primary or general election if the community is a county, and at any special election or primary or general municipal election or primary or general state election, if the community is a city.
(Added to NRS by 1959, 666; A 1993, 1051)